11.05.2010, 11:59
AMT BANK Launches Mortgage Lending in Moscow and Branches
OREANDA-NEWS. May 11, 2010. AMT BANK launched mortgage lending through its additional offices in Moscow and all 11 branches. The total network of sales points, where customers of AMT BANK can have their mortgage loans granted, consists of 43 offices across Russia, reported the press-centre of AMT BANK.
The line of mortgage offers of AMT BANK includes three products: Ruble mortgage with a fixed interest rate for the first five years, Ruble mortgage with a fixed rate and Dollar mortgage with a fixed rate.
The Ruble mortgage with a fixed interest rate for the first five years suggests lending for the term of from 7 till 25 years. The maximum amount of the loan totals 75% of the value of an apartment. The maximum amount of a loan for purchasing an apartment for the purpose of further lease is 50% of its value. A loan may total from RUB 300 ths up to RUB 18 mln depending on in which region a loan is given. The interest rate on this product is 12.5 – 15% per annum during the first five years of a loan, after which it is calculated quarterly depending on the situation in the market. To calculate the variable rate, the MosPrime3M rate is used, which, in turn, is calculated by the National Currency Association, and should it not be possible to be found out, the MIBOR3I rate or the refinancing rate established by the Bank of Russia are used.
Depending on the region, the Ruble mortgage with a fixed rate suggests similar terms and conditions of obtaining a loan save establishment of the interest rate. It is established for the whole life of the loan agreement and totals 13.5 –16% per annum depending on the form of confirmation of the borrower’s income.
The Dollar mortgage with a fixed rate suggests a loan may be granted for the term of from7 till 25 years. The loan amount may vary from USD 10 up to USD 600 ths. The interest rate is set up for the whole life of the loan agreement and is 9 – 10.5% per annum depending on the form of confirmation of the borrower’s income. The rest of the provisions of this product are similar to those of the ruble offer.
The line of mortgage offers of AMT BANK includes three products: Ruble mortgage with a fixed interest rate for the first five years, Ruble mortgage with a fixed rate and Dollar mortgage with a fixed rate.
The Ruble mortgage with a fixed interest rate for the first five years suggests lending for the term of from 7 till 25 years. The maximum amount of the loan totals 75% of the value of an apartment. The maximum amount of a loan for purchasing an apartment for the purpose of further lease is 50% of its value. A loan may total from RUB 300 ths up to RUB 18 mln depending on in which region a loan is given. The interest rate on this product is 12.5 – 15% per annum during the first five years of a loan, after which it is calculated quarterly depending on the situation in the market. To calculate the variable rate, the MosPrime3M rate is used, which, in turn, is calculated by the National Currency Association, and should it not be possible to be found out, the MIBOR3I rate or the refinancing rate established by the Bank of Russia are used.
Depending on the region, the Ruble mortgage with a fixed rate suggests similar terms and conditions of obtaining a loan save establishment of the interest rate. It is established for the whole life of the loan agreement and totals 13.5 –16% per annum depending on the form of confirmation of the borrower’s income.
The Dollar mortgage with a fixed rate suggests a loan may be granted for the term of from7 till 25 years. The loan amount may vary from USD 10 up to USD 600 ths. The interest rate is set up for the whole life of the loan agreement and is 9 – 10.5% per annum depending on the form of confirmation of the borrower’s income. The rest of the provisions of this product are similar to those of the ruble offer.
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